Imerys-Andalusite Resources takeover appeal postponed to February 2016

• Autores: Liz Gyekye
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 578, 2015 (Ejemplar dedicado a: Diciembre)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • In its report published in April, CompComm found that Imerys and Andalusite Resources were the only miners and suppliers of andalusite in South Africa and that a tie-up between these companies would have the effect of "significantly preventing competition" in the fine and medium grade andalusite market.

    He also referenced a document entitled "Andalusite South Africa Business Review", produced by Imerys in 2013, which stated that Imerys' aim was to "obtain [a joint venture with] or buy ARM [Andalusite Resources] to increase our leverage in the markets." Imerys' strategy and business development manager in high resistance minerals, Alan Parte, responded by saying that the company had been looking at several targets at the time the document referred to was published, not all of which had been competitors to Imerys. "We even visited Andalucita in Peru in the same period," he said.